Bayside Corp. Receives Heavy Fuel Oil Purchase Orders for 1,200,000
M/T Annually
DALLAS, July 23, 2013 /PRNewswire/ -- Bayside Corp.
(OTC: BYSD) today announced that the company has been awarded a
purchase order to supply 3,600,000 Metric tons of heavy fuel oil
exports annually.
Additionally, the order represents approximately $160,500,000 in gross revenues every month for
the next thirty-six months. Heavy fuel oil exports is the first
step in the company's long-term expansion plans to develop its oil
and natural gas business in the international marketplace.
Gordon Johnson, Chairman of Bayside
Corp., was quoted saying, "we are thrilled to expand our revenue
base with international heavy fuel oil export orders."
Furthermore, the contractual finalization of the purchase orders
and the heavy fuel oil exports is expected to be completed within
the next 30 days.
About Bayside
Bayside Corporation is an energy exploration, development and
production company building oil & gas reserves and
production in some of the most prolific hydrocarbon bearing regions
of the United States. The Company
specializes in the business of reworking &
re-completing 'marginal' oil & gas wells located in the
thousands of mature oil & gas producing fields across much of
the United States.
For additional information on the Company visit our website
at: http://baysidepetroleum.com/
Safe Harbor Statement
This press release may contain projections and other
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended, and are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Any such projections or statement reflect the
company's current views with respect to future events and financial
performance. No assurances can be given, however, that these events
will occur or that such projections will be achieved and that
actual results could differ materially from those projected.
Important factors that could cause actual results to differ from
those projected are decreases in oil and gas prices or decreases in
oil and gas production. The company's actual results could differ
materially from those discussed herein. Forward-looking
statements are subject to risks and uncertainties, including, but
not limited to, government regulation, taxation, spending,
competition, general economic conditions and other risk factors
which could cause actual results to differ materially from those
projected or implied in the forward-looking statements.
SOURCE Bayside Corp.